Middlesex Water (MSEX) Receives Media Impact Rating of 0.07

News coverage about Middlesex Water (NASDAQ:MSEX) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Middlesex Water earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.3267250460449 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of brokerages recently weighed in on MSEX. ValuEngine raised shares of Middlesex Water from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research cut shares of Middlesex Water from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, BidaskClub cut shares of Middlesex Water from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

Shares of Middlesex Water (NASDAQ MSEX) opened at 37.65 on Friday. The company has a 50-day moving average of $38.83 and a 200-day moving average of $37.50. The stock has a market capitalization of $615.09 million, a PE ratio of 28.42 and a beta of 0.40. Middlesex Water has a 12 month low of $32.23 and a 12 month high of $44.48.

Middlesex Water (NASDAQ:MSEX) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.05. Middlesex Water had a return on equity of 9.95% and a net margin of 16.46%. The company had revenue of $33.01 million for the quarter, compared to the consensus estimate of $34 million. On average, equities research analysts expect that Middlesex Water will post $1.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.2113 per share. This represents a $0.85 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, August 9th. Middlesex Water’s dividend payout ratio is currently 63.91%.

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Middlesex Water Company Profile

Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware.